Daily News at Sibos 2019: Day Three
Read our third edition of the Daily News at Sibos, live from this year’s Sibos 2019 conference in London – all the latest news and analysis from Swift’s premier event of the year.
Free to read online or pick up a complimentary print copy if you are at Sibos!
A note from the Editor, Sharon Kimathi:
Adapting to shifting geopolitical and regulatory priorities is the theme for this penultimate edition of the Daily News at Sibos 2019.
Thabo Makoko, global head of transactional services at Absa, explores how countries in the south of the African equator can improve their payments infrastructure, highlighting examples from Zimbabwe and South Africa due to the rising remittance trend in the region as around three million Zimbabweans currently work abroad in South Africa.
However, due to domestic issues cash is very difficult to access in Zimbabwe. On the plus side, this has forced the country to speedily adopt mobile and digital payment infrastructure. But for a worker in South Africa trying to send money back to their family, this presents a problem.
Ed Thurman, managing director and head of global transaction banking at Lloyds Bank Commercial Banking, analyses how global trading tensions are prompting more corporates to diversify the markets they trade in. He argues that banks have a pivotal role to play in developing innovative, relevant and easy-to-use technology to support faster, cheaper cross-border payments.
Jennifer Peve, managing director, fintech strategy, DTCC dissects the Securities Financing Transactions Regulation (SFTR) effects to securities markets participants struggling with navigating conflicting regulatory priorities.
Although the challenge is complex, Peve believes that there is good news, as existing technology can bridge these gaps, help alleviate current regulatory burdens and add value while newer technology is being developed.
Check out our website for more features and reports on shifting geopolitical and regulatory priorities in the fintech industry and this year’s latest Sibos news.